EXHIBIT 99.(a)
AmerUs Bank
Consolidated Balance Sheet
30-Jun-98
(in thousands)
ASSETS (UNAUDITED)
- ------ -----------
Cash and due from banks 34,031
Interest-bearing deposits 4,273
Mortgage-backed and other securities
held to maturity -
Mortgage-backed and other securities
available for sale 123,601
Federal Home Loan Bank stock 13,182
Loans available for sale:
Consumer 11,032
Real Estate 19,052
Loans and leases held to maturity:
Consumer 480,724
Real Estate 567,318
Commercial 2,279
Leases 13,721
-----------
Total Loans and Leases 1,094,126
Allowance for credit losses (7,853)
Unearned income (3,120)
-----------
Net loans and leases 1,083,153
Real estate inventory, net 4,446
Premises and equipment, net 18,377
Other assets 31,726
-----------
Total Assets 1,312,789
===========
LIABILITIES AND STOCKHOLDER'S EQUITY
- ------------------------------------
LIABILITIES:
Checking 105,316
Savings 28,699
Money Markets 214,889
Certificates of Deposit 444,068
Wholesale Deposits 164,652
-----------
Total Deposits 957,624
Advances from the Federal Home Loan Bank 215,525
Notes payable and other debt 7,352
Accrued expenses and other liabilities 25,033
Income taxes payable 2,188
-----------
Total Liabilities 1,207,722
-----------
STOCKHOLDER'S EQUITY:
Common stock 3
Additional paid in capital 44,929
Net unrealized gain (loss) on securities (1,240)
Retained earnings 61,375
-----------
Total stockholder's equity 105,067
-----------
Total Liabilities and Stockholder's Equity 1,312,789
===========
AmerUs Bank
Income Statement Comparison to Prior Year
June 98
SIX MONTHS ENDED
JUNE 30,
-----------------------
(UNAUDITED) 1998 1997
- ----------- ---------- ----------
INTEREST AND DIVIDEND INCOME:
Interest and fees on loans 48,150,873 44,084,621
Interest and fees on leases 592,309 4,245,610
Interest on mortgage-backed and
other investment securities 4,480,493 5,458,683
Interest on interest-bearing deposits 342,924 307,667
Dividends on FHLB stock 546,967 597,292
---------- ----------
Total Interest and Dividend Income 54,113,566 54,693,873
---------- ----------
INTEREST EXPENSE:
Deposits 24,860,965 22,483,868
Advances from the FHLB 8,065,961 7,352,514
Notes payable and other debt 284,576 1,742,107
---------- ----------
Total Interest Expense 33,211,502 31,578,489
---------- ----------
Net Interest Income 20,902,064 23,115,384
Provision for Credit Losses 4,595,000 4,675,000
---------- ----------
Net Interest Income after
Provision for Credit Losses 16,307,064 18,440,384
---------- ----------
NONINTEREST INCOME:
Bank and leasing co. retail fee income 2,863,004 3,312,623
Investment company fee income 1,687,508 2,148,619
Loan servicing fees, net 826,217 149,913
Gain (loss) on sale of: consumer loans 7,341,303 7,106,644
other - (160,154)
Other 182,440 1,533,109
---------- ----------
Total Noninterest Income (Loss) 12,900,472 14,090,754
---------- ----------
NONINTEREST EXPENSE:
Salaries and employee benefits 10,153,493 8,908,494
Occupancy, net 2,114,281 2,060,414
Advertising 748,770 488,399
Deposit insurance premiums 295,501 263,358
Depreciation 2,505,985 2,644,435
Other real estate owned, net 149,084 (11,443)
Data processing 1,596,897 1,841,477
Amortization 130,772 245,600
Other 4,715,351 5,146,682
---------- ----------
Total Noninterest Expense 22,410,134 21,587,416
---------- ----------
Income Before Income Taxes 6,797,402 10,943,722
Income Tax Expense (Benefit) 2,649,300 4,117,000
---------- ----------
Net Income (Loss) 4,148,102 6,826,722
========== ==========
AmerUs Bank
Consolidated Statement of Stockholder's Equity
30-Jun-98
(in thousands)
NET UNREALIZED
GAIN (LOSS) ON
ADDITIONAL SECURITIES
COMMON PAID-IN AVAILABLE RETAINED
(UNAUDITED) STOCK CAPITAL FOR SALE EARNINGS TOTAL
- ----------- ---------- ------------ ---------------- ---------- ----------
Balance as of January 1, 1998 3 44,929 (1,043) 57,227 101,116
Contribution of capital - - - - -
Dividends Paid - - - - -
Net Income - - - 4,148 4,148
Change in net unrealized gain (loss)
on securities available for sale (net
of deferred income taxes of -$126) - - (197) - (197)
---------- ------------ ---------------- ---------- ----------
Balance as of June 30, 1998 3 44,929 (1,240) 61,375 105,067
========== ============ ================ ========== ==========